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BUSINESSNew Jersey Monitor·2h ago

Fed raises interest rates for first time in 3 years, battling persistent inflation

Photo · New Jersey Monitor
AI TLDR · GEMINI

The Federal Reserve raised interest rates on Wednesday, marking the first such increase in three years. The policy shift is intended to combat persistent inflation that continues to affect the national economy.

The Federal Reserve raised interest rates Wednesday for the first time in three years as inflation continues to dog the economy.

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